| 3 Keys To Profitable Trading
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Stop Reading. Do This NOW. 
If you want a legitimate shot at financial freedom in 2021… This should be priority #1 for you: Teeka Tiwari’s “FREEDOM 2021.” Big T revealed his first-ever pre-IPO tech deal recommendation… Your chance to own a stake in one of the most promising startups in Silicon Valley. And if you act now, you can get in for just 50¢ a share. This could potentially be the most profitable decision you make all year. In short: Before you do anything else today… | |
 Greg Guenthner
Seven Figure Publishing
Dear Wall Street Daily Reader, We’ve seen some market action lately! Crypto is ripping higher after Tesla revealed a massive position. Oil and metals are much higher. And short squeezes even captured the world’s attention after some message board traders shot GameStop stock to the moon and back… It's hard to lose when the market shoots straight up every single day. You book a string of winning trades and start to feel invincible. You get cocky. And you start to bet big… Today’s we’re going to take a step back. Let’s ignore the mania for a minute and try to root out some of the bad habits that have the potential to derail your profits in any market environment. To become a consistently winning trader, you can change your mindset with these three simple steps… I recommend you implement these into your daily routine. We can do it together. Click here to find out how. - Don’t gamble on a stock. Execute a trade.
Eliminate the gambler’s mentality from your trading routine. It’s tempting to go “all-in” on a hot stock – especially when the market’s cranking out new all-time highs every single month. But a successful trader doesn’t push all his chips into the pot on a whim. He grinds out the wins, assessing all the possible outcomes and trades with a plan. This plan should include best- and worst-case scenarios. These are your stop losses and profit targets. When a stock reaches your maximum acceptable loss, you sell. When a profit target is reached on a short-term trade, you take some profits off the table. Having a set of rules and following them to the letter will keep losses to a minimum. Remember, you shouldn’t only avoid risky trades when the market isn’t cooperating. Only trading the stocks that fit your stringent criteria should be your ultimate goal – even in a bull market. Recommended Link
FINALLY… Elon Musk's Secretive Supplier Revealed? 
Forget Tesla. It’s the company that’s been supplying this key piece of tech to Elon Musk that will shock everyone. This is all part of a $30 trillion megatrend. And I’m not talking about blockchain, artificial intelligence, 5G, robotics, or the Internet of Things. This trend is BIGGER than all of those things COMBINED! And if Elon Musk mentions this company in a tweet, there’s no telling how high shares could go. | |
- Beware the traps of overtrading.
During a strong comeback move after months of chop, a careless trader will pinball from one hot stock to the next. That’s why you must understand how timeframes and how often you trade affect your overall profitability. Here’s a helpful tip: The shorter the time frame, the less predictable the price. Unless you’re experienced with very short-term momentum strategies, don’t waste your time day trading. It’s a surefire way to churn your account. StockStream is a great example. A few years ago, this bizarre stock trading game captured the attention of bored millennials. It was a live feed on the Twitch video game streaming network where anyone could log on and vote on what stocks to trade. StockStream was created by an Amazon engineer who let strangers on the internet “invest” $50,000 of his savings… Here’s how it worked: A new round of voting started every five minutes. Twitch viewers typed in the tickers they wanted to see bought or sold in the chat window. When time ran out, the top trades were executed on the Robinhood trading app and another round of voting began. Investing is hard. Trading is even harder. As you can probably guess, a group of 60,000 anonymous kids on the internet could not collectively beat the market by trading every five minutes. Bottom line: Overtrading isn’t going to make you rich. But it might make you go crazy. - Practice Risk Management.
Here’s a common scenario: You make four trades. Three of them are winners, and you book $250 each for a total of $750. But you broke your rules on your fourth trade. And you ended up losing big. It cost you $1,000. Even though you profited from 3 out of your 4 trades you ended up booking total losses of $250. Bad risk management leads to bad returns, even when your winning percentage is high. This is one of the biggest threats to your profits during a strong market. You see stocks screaming higher every day, so you’re more likely to override your stops and try to allow a losing trade to improve. Don’t do this. It’s a recipe for loss. I have little doubt you’ll find plenty of opportunities to book trading gains over the next few weeks. The key to keeping (and growing) these gains lies in these important trading tactics. Happy trading, Greg Guenthner
Editor, Weekly Fortune Alliance
Seven Figure Publishing P.S. Every morning the markets are open I hop on a chat with my Weekly Fortunes Alert Readers to talk about what’s going on the market and how members could make consistent, short-term gains. The techniques I share will prepare you for any market, whether it goes up, down or sideways. Click here to learn more. Greg Guenthner, CMT, is the editor of the Weekly Fortune Alliance and Seven Figure Signals. He has been with Agora Financial/Seven Figure Publishing since 2005. In 2020, the average position in Greg’s Weekly Fortune Alliance Portfolio had a return of over 20% with an average holding time of 6 days. Recommended Link
Remember This? 
Another major crisis is on the horizon that could make things even WORSE in 2021. | |
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